Food subsidy bill crossed Rs 40k cr in H1, FY'11: Govt
India's food subsidy has already crossed the Rs 40,000 crore mark in the first six months of the current fiscal, Parliament was informed today.business Updated: Nov 09, 2010 17:50 IST
India's food subsidy has already crossed the Rs 40,000 crore mark in the first six months of the current fiscal, Parliament was informed on Tuesday.
"Food subsidy released... as on October 3, 2010, is Rs 40,832.77 crore," Minister of State for Consumer Affairs and Food K V Thomas informed the Lok Sabha in a written reply.
The subsidy provided by the government on food in the previous three years, starting from 2007-08, stood at Rs 31,259.68 crore, 43,668.08 crore and 58,242.45 crore, respectively.
The government provides subsidies on essential food items to the poor through the Targeted Public Distribution System (TPDS) and different welfare schemes.